Howden Joinery Group (LON:HWDN) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Howden Joinery Group's stock price has crossed above its 200-day moving average, indicating potential upward momentum, with recent trading at GBX 852.63 ($11.51).
• Analysts have varying ratings on the stock, with one "buy" rating and two "hold" ratings, alongside a consensus price target of GBX 919.67.
• Insider transactions show confidence in the company, with insiders purchasing nearly 29,000 shares, valued at over £250,000, in early June.

Howden Joinery Group Plc (LON:HWDN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 810.05 ($10.93) and traded as high as GBX 870 ($11.74). Howden Joinery Group shares last traded at GBX 852.63 ($11.51), with a volume of 1,178,759 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on HWDN. Berenberg Bank reissued a "buy" rating and set a GBX 975 price target on shares of Howden Joinery Group in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on Howden Joinery Group from GBX 824 to GBX 884 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Citigroup raised their price target on Howden Joinery Group from GBX 855 to GBX 900 and gave the company a "neutral" rating in a report on Friday, July 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 919.67.

Howden Joinery Group Stock Down 1.8%

The company has a quick ratio of 0.94, a current ratio of 1.99 and a debt-to-equity ratio of 60.20. The company has a fifty day moving average price of GBX 855.16 and a 200-day moving average price of GBX 810.05. The stock has a market capitalization of £4.65 billion, a P/E ratio of 18.26, a PEG ratio of 1.96 and a beta of 1.07.

Howden Joinery Group (LON:HWDN - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported GBX 16.40 earnings per share (EPS) for the quarter. Howden Joinery Group had a return on equity of 25.70% and a net margin of 10.82%. As a group, research analysts forecast that Howden Joinery Group Plc will post 52.8073286 EPS for the current fiscal year.

Insider Activity

In other news, insider Jackie Callaway bought 28,916 shares of Howden Joinery Group stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of GBX 865 per share, with a total value of £250,123.40. Insiders bought 28,951 shares of company stock valued at $25,041,981 over the last quarter. Insiders own 0.47% of the company's stock.

Howden Joinery Group Company Profile

Howden Joinery Group Plc is the parent company of Howdens. Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through a network of over 850 UK depots. The business also operates over 70 depots across France, the Republic of Ireland, and Belgium. Howdens only sells to the trade - they have the expertise to ensure that our products are fitted to the highest possible standards.

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